BASILDON, United Kingdom,
April 16, 2014 /PRNewswire/ --
Today CNH Industrial N.V. shareholders approved the
resolutions concerning:
- 2013 Annual Report
- Dividend of €0.20 per common share
- Re-appointment of executive and non-executive
directors
- Remuneration Policy and Equity Incentive Plan
- Authorization for the purchase of own shares
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) shareholders at the
annual general meeting ("AGM") approved the 2013 Annual Report
(including the Company's 2013 financial statements) and a dividend
of €0.20 per common share, equivalent to a total distribution of
approximately €270 million.
Shareholders also re-elected all of the eleven members of the
Board of Directors already in office on the date of the AGM.
Sergio Marchionne and Richard J. Tobin were re-elected as executive
directors and John P. Elkann, Mina
Gerowin, Maria Patrizia
Grieco, Leo W. Houle,
Peter Kalantzis, John B. Lanaway, Guido Tabellini, Jacqueline
Tammenoms Bakker and Jacques
Theurillat were re-elected as non-executive directors.
In addition, shareholders approved the resolution regarding the
Company's Remuneration Policy for executive and non-executive
directors and the Company's Equity Incentive Plan for employees and
executive directors.
Finally, shareholders granted the Board the authority to
repurchase up to a maximum of 10% of the Company's common shares
outstanding at today's date. The authorization is an instrument
available to the Board of Directors, but places no obligation on
the Company to repurchase its own shares. Under the
authorization, which is valid for a period of 18 months from the
date of the AGM, the Board may repurchase the Company's common
shares in accordance with applicable regulations at a price not to
exceed 10% of the reference market price reported on the stock
exchange through which the repurchase(s) are made - New York Stock
Exchange (NYSE) and/or Mercato Telematico Azionario (MTA).
Full details of the resolutions approved today are available on
the Company's website (www.cnhindustrial.com).
* * *
The dividend will be paid on April
30, 2014.
The record date for the dividend will be April 24 and the common shares will be quoted
ex-dividend from April 22.
Shareholders holding the Company's common shares on the record
date that are traded on the New York Stock Exchange will receive
the dividend in U.S. dollars at the official USD/EUR exchange rate
reported by the European Central Bank on April 17, 2014.
* * *
Concurrently with the AGM, the Company published its 2013
Sustainability Report. This Report was prepared in accordance with
the new Global Reporting Initiative guidelines (GRI–G4), the
innovative international standard for reporting on financial,
environmental and social themes. As required by GRI-G4, for the
first time the Company conducted a materiality analysis in order to
identify the significant aspects for sustainability within the
Company. The 2013 Sustainability Report is available on the
Company's website, www.cnhindustrial.com.
CNH Industrial N.V. (NYSE: CNHI
/MI: CNHI) is a global leader in the capital goods sector with
established industrial experience, a wide range of products and a
worldwide presence. Each of the individual brands belonging to the
Group is a major international force in its specific industrial
sector: Case IH, New Holland Agriculture and Steyr for tractors and
agricultural machinery; Case and New Holland Construction for earth
moving equipment; Iveco for commercial vehicles; Iveco Bus and
Heuliez Bus for buses and coaches; Iveco Astra for quarry and
construction vehicles; Magirus for firefighting vehicles; Iveco
Defence Vehicles for defence and civil protection; and FPT
Industrial for engines and transmissions. More information
can be found on the corporate website:
www.cnhindustrial.com
For more information contact:
Richard Gadeselli
Tel: ++44 (0)1268 292 468
Email: mediarelations@cnhind.com
www.cnhindustrial.com
SOURCE CNH Industrial N.V.